Property Tax:
The tax Which is received on a property is called the property tax.
Property tax is a provincial tax paid on the value of a property. It is generally paid a flat rate of 2% but the tax rates vary, depending on the Province/State.
Following are the Real-Life Word Problems on Property Tax solved in a proper and easy method with verified answers.
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Word Problem No. 1:
Find the property tax on a property of Rs.6,200,000 at the rate of 0.8%. (Ans. Rs.49,600)
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Word Problem No. 2:
Raheem paid Rs.8,676 as a property tax at the rate of 2%. Find the worth of Raheem's property. (Ans. Rs.433,800)
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Word Problem No. 3:
Find the property tax on a property worth Rs.948,000 at the rate of 1.5%. (Ans. 14,220)
Word Problem No. 4:
Haris paid the property tax of Rs.2,068 at the rate of 0.8%. Find the worth of the property. (Ans. 258,500)
Word Problem No. 5:
Property tax of Rs. 18,720 was paid when the worth of the property is Rs. 1,560,000. Find the percentage of property tax. (Ans. 1.2 %)Word Problem No. 6:
Find the property tax on a property of Rs.650,000 at the rate of 1.8%. (Ans. 11,700)
Word Problem No. 7:
Farah paid the property tax of Rs. 9,240 at the rate of 2%. Find the worth of her property. (Ans. 462,700)
Word Problem No. 8:
Calculate the amount of property tax on a house at the rate of 2%. The value of the house is Rs. 1,450,000. (Rs.29,000)
Word Problem No. 9:
Adnan has paid Rs. 16,000 as a property tax at the rate of 1.6%. Find the value of his property. (Rs.100,000)
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Shortcut links for:
1. Real Life Word Problems on Financial Mathematics, Property Tax, General Sale Tax (GST), Zakat, Ushr, Profit and Loss, Markup, Percentage, Proportion.
2. 5th class Notes: English, Social Study (S.St.), General Science (G.Sc.), Urdu (اُردو), Islamiat (اسلامیات), Mathematics
3. 6th class Notes: Mathematics
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